321 Milford St Brooklyn, NY 11208

Building Details

Year Built

1025

Listing Agency BROOKLYN REAL PROPERTY INC j***@aol.com Show Phone

Listed by Jean Paul Ho

Source Crexi

Added: Jul 11, 2022 Checked: Jul 15 at 10:59 am

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Investment Insights

Based on property information with market context.

This is a semi-attached, solid brick, legal 4-family property located in Brooklyn. The building features two 3-bedroom apartments and two 2-bedroom apartments, each with a large living room and an open-plan modern kitchen. The building has undergone extensive renovations, including new plumbing, a new gas line, and updated electrical systems throughout. A new gas boiler with a 75-gallon hot water tank has been installed, along with a new rubberized roof. The property offers 3,184 square feet of living space within a building that measures 26 feet wide and 72 feet deep. The full basement features high ceilings, ceramic tile flooring, multiple windows, and two entrances. Situated on a 36 x 100 lot with R5 zoning and a private drive, the property has 1,332 of unused FAR. The property is occupied by tenants at market value, generating a high capitalization rate. The location provides convenient access to the A and C trains, as well as various bus lines and shopping options. The property generates an annual income of $139,800 with expenses of $15,282, resulting in a net operating income of $124,518 and a CAP rate of 8.03%.

Key Highlights

• High CAP Rate (8.03%) and Net Operating Income ($124,518) indicating strong investment potential.
• Legal 4‑family solid brick building with two 3‑bedroom and two 2‑bedroom apartments.
• Fully renovated with new plumbing, gas line, electric, gas boiler, and rubberized roof.

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FAQs

What type of property is this?

Quadplex - Legal 4-family property with high CAP rate and strong income.

Where is this quadplex located?

The property is located at 321 Milford St Brooklyn, NY.

What are key features of this property?

This property features: High CAP Rate (8.03%) and Net Operating Income ($124,518) indicating strong investment potential.; Legal 4‑family solid brick building with two 3‑bedroom and two 2‑bedroom apartments.; **Fully renovated with new plumbing, gas line, electric, gas boiler, and rubberized roof.**